Explore our content

All types | All dates | All authors
Pensions

Pages

Quick Hit
by La Risa Lynch
4:53pm
Fri Dec 12

Chicago Treasurer Proposes Investing City Pension Funds In Black Neighborhoods

A day after taking office, Chicago Treasurer Kurt Summers hit the ground running launching a 77 communities in 77 days listening tour throughout the city.

That tour brought Summers to the Bronzeville neighborhood last week, where he met with residents and business owners to discuss black communities getting a slice of the $50 billion fiscal pie the city has to invest each year. Summers spoke to a group of 50 at the Bronzeville Visitor Information Center, located at 3501 S. King Dr.

Summers told the crowd that his office manages a combined $50 billion in investments as well as employee pension funds and retirement plans. He said he would like to see some of that money invested in neighborhoods like Bronzeville.

"I don't view a neighborhood investment strategy as a risky strategy," said Summers, a product of Bronzeville. "I don't view that as any more risky than investing in Korea's debt, which we do, or investing in a cement company in Mexico. I don't believe investing in Bronzeville is any riskier than that."

PI Original
by Ellyn Fortino
2:30pm
Wed Nov 19

Chicago City Council Passes Emanuel's 2015 Budget; Four Aldermen Object

The Chicago City Council voted 46-4 to approve Mayor Rahm Emanuel's 2015 budget. Progress Illinois provides highlights from the council debate on the $7.3 billion spending plan.

PI Original
by Ellyn Fortino
7:20pm
Mon Oct 27

Election Preview: A Look At The Expensive 55th District State Rep. Race

Progress Illinois takes a closer look at the state representative race in the 55th district.

PI Original
by Ellyn Fortino
5:23pm
Fri Oct 24

First-Time Candidate Seeks GOP Incumbent's Defeat In 20th State House District

Progress Illinois takes a closer look at the race for the 20th district state representative seat, which pits first-time candidate and law student Mo Khan against long-serving GOP incumbent Mike McAuliffe.

PI Original
by Ellyn Fortino
4:51pm
Wed Oct 15

Emanuel Delivers 2015 Budget Address; Fioretti Slams Mayor For 'Election Year Fluff'

Progress Illinois takes a look at Chicago Mayor Rahm Emanuel's proposed 2015 budget, which was unveiled on Wednesday. 

Pages